Real Estate Market Trends from Equifax

August 15, 2013

Have you been thinking of buying a new home in Chicago? Or are you considering putting your home on the market? Making real estate decisions is tough. Buying or selling a home requires tons of research, time, effort and emotion, not to mention money. That’s because your home is one of, if not the most important financial decision of your life. The best you can do is to educate yourself about the market and the home buying process so that you are as knowledgeable as possible, will know what to expect and will make smart decisions.

The Equifax Finance blog has tons of great free resources on real estate, including articles, webinars and videos. A recent Equifax Finance blog article, “Buying a Home? What’s Happening in Today’s Real Estate Market” gives buyers and sellers some market trends and advice from real estate experts. The experts in the article were Amy Crews Cutts, chief economist for Equifax, Steve Cook, former vice president of public affairs for the National Association of Realtors and Ilyce Glink, real estate author and radio host.

The article shares the expert’s research and reflections on what is going on the industry. Cutts discussed the low, but slowly rising mortgage interest rates. Buyers should expect rates to continue to rise, albeit slowly. While Cutts can’t predict how fast and how far they’ll go up, she doesn’t expect rates to reach 6 percent for years. For buyers who have low rates, lock those rates in now before they get any higher. Cook discussed the supply and demand action of the seasons and how inventories and home prices are all tied together with the seasonal shifts.

Read the full article on the Equifax Finance Blog and if you’re looking for more helpful real estate advice, browse the site’s many resources. The site also provides resources on other personal finance topics, like retirement, insurance, taxes,

About The Author

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI.
Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team.
A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology.
When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs.
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